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Business, Economics, and Taxes: Eat Cereal for Dinner

St. Clown said:
Unemployment is up and inflation is up. That feels like the making of a stagflation economy to me.

Inflation thrives with lower interest rates - people buy more stuff as borrowing costs are reduced. Unemployment could go down, but it won’t We are still seeing a continue of workforce demand weakening.

What am I missing?
Click to expand...
All in the plan.

There was something before the election, one of Donnie's economic advisors was asked the plan to deal with inflation. He said the plan was to reduce demand, and increase the available labor pool. A high brow answer for what essentially meant 'recession', couched in fancy language that the MAGA idiots wouldn't understand what it was he actually was talking about.

Either prices rise so high that people can't afford to buy, lowering demand. Or so many people lose their jobs( the now bigger labor pool), they can't afford to buy anything, also lowering demand.

We're getting both. Eventually, things get so bad that people take whatever menial wage the oligarchs deign to offer. And eventually, inflation WILL come down. Bound to happen when no one has any money.
 
aparch said:
As of right now, the economy is chugging along because of the super wealthy. Half of all purchases made in August were made by the richest 10% of the nation.

www.marketplace.org

Nearly half of U.S. retail spending comes from top 10% of earners

The spending imbalance is at the highest levels it has been since Moody’s Analytics started collecting this data.
www.marketplace.org www.marketplace.org
Click to expand...
And this all by design too. It’s happening in basically every sector from live events like concerts to WWE, sporting events, collectibles like MTG, cars, travel, everything outside of the necessities is being marketed and targeted to the whales.
 
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